PETTY, R. R.
PETTY, R. R. is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Pioneer Exploration Company. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 261,403 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $772K, with roughly $175K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 264 barrels a month, about 38 per wellbore. Its strongest month on the record we hold was April 2026, at 714 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PETTY, R. R.
- Who operates PETTY, R. R.?
- PETTY, R. R. is operated by Pioneer Exploration Company, Railroad Commission of Texas operator number 665734.
- Where is PETTY, R. R.?
- PETTY, R. R. is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 08723.
- Is PETTY, R. R. still producing?
- PETTY, R. R. is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PETTY, R. R. is August 2026.
- How much has PETTY, R. R. produced?
- PETTY, R. R. has reported 261,403 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is PETTY, R. R. worth?
- The remaining production from PETTY, R. R. is estimated to be worth about $772K in total as of 26 August 2026, within a range of $602K to $941K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTY, R. R. is a fraction of it. The estimate fits an Arps decline curve to the production PETTY, R. R. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTY, R. R. is an estimate of value, not an offer and not an appraisal.
- How much income does PETTY, R. R. generate in a year?
- PETTY, R. R. is forecast to net about $175K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETTY, R. R. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Exploration Company |
|---|---|
| Field | E. A. (Cambrian Sand) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 08723 |
| Wellbores | 7 |
| Reported production | 261,403 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $772K |
Where PETTY, R. R. sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.